**Pando 1 Investment Pte. Ltd. seeks to acquire APG Securities Joint Stock Company shares**
Pando 1 Investment Pte. Ltd. has announced its intention to purchase 40 million shares of APG Securities Joint Stock Company (HOSE: APG) from May 20 to June 18, 2023. The purpose of this transaction is to restructure its investment portfolio. Pando 1 is an organization related to APG’s insider, Mr. Ong Tee Chun, a member of APG’s Board of Directors and the fund’s director. Mr. Chun does not directly own any shares in APG and was recently elected to the Board during the 2025 Annual General Meeting of Shareholders on April 25, after the resignation of two board members.
This move to aggressively acquire shares comes immediately after Pando 1 officially became a major shareholder of APG on April 14, by purchasing an additional 850,400 shares, increasing its ownership to 5.25%. On the stock market, APG’s share price is currently trading close to the 12,000 VND mark, a 39% increase in a quarter and more than double the price at the beginning of the year. At this price, Pando 1 would need to spend approximately 480 billion VND to complete the transaction.
| APG share price movement since the beginning of 2025 |
Notably, since the end of March, APG shares have continuously recorded large matching transactions from foreign blocks. Specifically, during the three sessions from March 24 to 27, foreigners matched trades of more than 8.6 million shares. From March 31 to April 14, over 3 million shares were also traded. After a temporary pause, on May 13 and 14, an additional 1.4 million shares were traded via matching. In total, in less than two months (from March 24 to May 14), foreigners matched trades of more than 13 million APG shares, valued at 130.5 billion VND, averaging around 10,000 VND per share.
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On the opposite side, Mr. Nguyen Ho Hung, Chairman of APG’s Board of Directors, has registered to sell 6 million APG shares, equivalent to nearly 90% of his current holdings. This transaction, which is expected to take place from May 20 to June 18, coincides with Pando 1’s planned purchase, suggesting a possible transfer of shares. If successful, Mr. Hung could earn approximately 72 billion VND from this sale.
Previously, in early October 2024, Mr. Hung sold 5 million APG shares, reducing his ownership to 3.03% and ceasing to be a major shareholder of the company. Regarding business plans for 2025, APG aims for 100 billion VND in revenue, a 14% decrease from the previous year. However, the company forecasts a pre-tax profit of 30 billion VND, a turnaround from the loss of nearly 146 billion VND in 2024.
In the first quarter of 2025, APG’s operating revenue reached nearly 25 billion VND, an 18% decrease compared to the same period last year. Nevertheless, pre-tax profit surged by 75% to over 11 billion VND, thanks to increased profits from loans and receivables, coupled with reduced losses from financial assets. Thus, the company has achieved 25% of its revenue target and 37% of its profit goal for the year.
| APG’s quarterly financial results from 2022 to 2025 |
Additionally, on May 15, APG announced a decision by the State Securities Commission of Vietnam (SSC) to impose an administrative fine of 120 million VND for violations related to untimely disclosure of information as stipulated.
– 7:19 PM, May 15, 2025
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